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TJX purchases retail chain in land Down Under
Framingham, Mass. – The TJX Cos. Inc. apparently has a taste for vegemite.
TJX is purchasing Trade Secret, an off-price retailer that operates 35 stores in Australia, from Gazal Corp. Ltd. for $58.45 million. The acquisition of Trade Secret provides TJX an opportunistic entry into Australia, where it currently operates one of its 13 buying offices.
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The Power of Facebook
New York -- A mannequin storm has been playing out on Facebook.
British fast-fashion giant Topshop said it will make a change in mannequins a customer complained on her Facebook page about the chain's "ridiculously tiny" mannequin.
In the post, which went viral, the customer appealed to the merchant to take responsibility "for the impression you have on women and young girls."

